Trend Hotels and Suites by My Place vs Canopy Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Trend Hotels and Suites by My Place vs Canopy including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Trend Hotels and Suites by My Place Franchise
Canopy Franchise
Investment $180,050 - $2,848,700$44,872,050 - $114,186,475
Franchise Fee N/A$75,000
Royalty Fee up to 5%5%
Advertising Fee -4%
Year Founded -2007
Year Franchised -2007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Trend Hotels and Suites by My Place Franchise
Canopy Franchise
Experience --

Financing Options
 
Trend Hotels and Suites by My Place Franchise
Canopy Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Trend Hotels and Suites by My Place Franchise
Canopy Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Trend Hotels and Suites by My Place Franchise
Canopy Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Trend Hotels and Suites by My Place

"TREND

Trend Hotels & Suites by My Place is a collection of unique hotel assets assembled into a franchise system created for the purpose of providing collective intelligence, support, strength, and value to each individual hotelier by deploying the strong fundamentals and culture of the My Place organizations, principles, and people.

Trend Hotels & Suites by My Place was inspired by the actual needs of hundreds of hoteliers today.


About Canopy

"Canopy
The Hilton Performance Advantage is an integrated system of innovative solutions and advanced technologies that work together to drive increased business and keep costs down, without compromising quality. Together, these seven services provide access to the latest tools, technologies, forward-thinking strategies, and the most influential people in the industry to create an unrivaled competitive advantage.

#210 in Franchise 500 for 2021   Not in Franchise 500 for 2020